Lendbuzz Welcomes Steve Linehan to Board of Directors
15 Julio 2024 - 2:45PM
Business Wire
Lendbuzz, an AI-based fintech company that helps consumers
obtain better access to credit when purchasing a vehicle, is proud
to announce Stephen Linehan has joined its board of directors,
serving in the role of chairman of the audit committee. Mr. Linehan
brings over forty years of experience in the financial services
industry as a CFO and public company corporate treasurer.
Mr. Linehan most recently served as the CFO of Fair Square
Financial, a private equity-backed credit card company focused on
the near-prime segment. As a founding member of the executive team,
Mr. Linehan helped lead the build out of the company’s platform and
execution of its strategic growth plan, culminating in its sale to
Ally Financial in 2021. Mr. Linehan retired from Ally Financial in
2023.
“We are excited to welcome Steve to the board. He is a highly
respected financial services industry veteran who has significant
strategic and operational experience in enabling consumer credit
companies to grow through cycles.” said Amitay Kalmar, Co-Founder
and CEO of Lendbuzz. “Steve brings a depth of experience and
perspective to the board that will be valuable as we scale our
business into the future.”
Mr. Linehan spent 18 years with Capital One Financial
Corporation prior to his time at Fair Square Financial. He served
as Executive Vice President and Corporate Treasurer from 2003 to
2015, where he was responsible for the company’s overall balance
sheet management including capital strategy, liquidity and interest
rate risk management, global funding, and management of the
investment portfolio. Additionally, Mr. Linehan managed the
company’s relationships with investors, rating agencies, regulators
and industry trade groups; having been actively involved in efforts
to shape various regulatory issues affecting the banking
industry.
“I am incredibly impressed with Lendbuzz’s ability to combine
leading edge technology with disciplined credit underwriting, and
sound operational and financial infrastructure to deliver highly
valued auto lending products to undeserved consumers,” said Steve
Linehan. “I am very excited to be joining the board at Lendbuzz,
fresh off my experience in helping to build and run a highly
successful fintech company in the consumer credit space, to help
the highly talented team continue on its remarkable growth
trajectory, delivering value to both the dealer partners and
consumers it serves.”
Prior to Capital One Financial Corporation, Mr. Linehan spent
seven years with the FDIC, serving as Assistant Director in the
Division of Resolutions and Associate Director in the Division of
Insurance. Mr. Linehan earned his bachelor’s degree in finance from
the University of Notre Dame and an MBA from Loyola University
Maryland.
About Lendbuzz
Lendbuzz is an AI-based financial technology company that helps
consumers obtain better access to credit when purchasing a vehicle.
Powered by alternative data and machine learning algorithms,
Lendbuzz can assess the creditworthiness of consumers with limited
credit history—a group underserved by traditional banks. Through
our auto dealership partners, Lendbuzz offers consumers attractive
financing solutions while opening up opportunities for those
dealerships to serve a more diverse customer base. Lendbuzz is
headquartered in Boston, Massachusetts and was founded in 2015.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240715013039/en/
Investors InvestorRelations@lendbuzz.com
Media & Press Steve Francisco, CMO
Stephen.Francisco@lendbuzz.com